Premier Miton suffers outflows of £449m in Q2

AUM drop of £500m

Cristian Angeloni
clock • 1 min read

Premier Miton Group has posted a drop in assets under management and significant net outflows for the second quarter of 2023.

In its trading update for the three months to 30 June released today (14 July), the company said it had closed the quarter with £10.5bn AUM, down from £11bn at the end of Q1, as it recorded net outflows of £449m.  More specifically, the only strategies that experienced net inflows in the second quarter of 2023 were the company's segregated mandates, with £118m. Premier Miton average assets drop 17% over six months as net outflows persist CEO Mike O'Shea said fixed income was a positive area for the company, with £175m inflows over the quarter, although this was partly offset by £70...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Jupiter acquires £800m assets and investment team of boutique Origin

Jupiter acquires £800m assets and investment team of boutique Origin

Mostly institutional assets

Sorin-Andrei Dojan
clock 03 October 2024 • 1 min read
WTW takes stake in PE-backed wealth manager Atomos

WTW takes stake in PE-backed wealth manager Atomos

Backed by Oaktree Capital Management

Jenna Brown
clock 03 October 2024 • 2 min read
Dynamic Planner drops benchmark allocation to property

Dynamic Planner drops benchmark allocation to property

‘Not an investable asset class anymore’

Cristian Angeloni
clock 02 October 2024 • 2 min read
Trustpilot